Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Will is employee who is Married filing Joint with 1 Other dependent claimed on his 2021 Form W-4. He did not check Step 2

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Will is employee who is Married filing Joint with 1 Other dependent claimed on his 2021 Form W-4. He did not check Step 2 checkbox withholding. During the most recent biweekly pay period, he earned $9,570.00. Using the percentage method, compute Will's federal income tax. (Do not round intermediate calculations. Round final answer to 2 decimal places.) 2021 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later BIWEEKLY Payroll Period STANDARD Withholding Rate Schedules If the Adjusted Wage Amount (line 1h) is The tentative of the amount to Plus this percentage But less withhold amount that the wage at least... A than... B is... C D $ 0 $ 965 $ 1,731 $ 965 $ 0.00 0% exceeds... E $ 0 $ 1,731 $ 0.00 10% $ 965 $ 4,083 $ 76.60 12% $ 1,731 $ 4,083 $ 7,610 $ 358.84 22% $ 4,083 $ 7,610 $ 13,652 $ 17,075 $ 25,131 $ 13,652 $ 1,134.78 24% $7,610 $ 17,075 $ 2,584.86 32% $ 13,652 $ 25,131 $ 3,680.22 35% $ 17,075 $ 6,499.82 37% $ 25,131

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting

Authors: Colin Drury

8th edition

978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887

More Books

Students also viewed these Accounting questions

Question

When will a significant product release be completed?

Answered: 1 week ago

Question

So youre saying its hopeless?

Answered: 1 week ago

Question

How do we get smooth and continuous workflow?

Answered: 1 week ago